Banks scrambling to get grip on card risks - FierceFinance

As the recession rolls on, many think the credit card market will be the next to implode. Banks are certainly scrambling to a get a grip on their risks. Reuters notes that the likes of Citigroup, JPMorgan Chase and others are cutting rewards, hiking interest rates and raising fees. All in the face of mounting losses and lots of nervousness.

Banks scrambling to get grip on card risks - FierceFinance